Calix Inc (CALX)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 63,409 | 135,675 | 90,187 | 94,186 | 79,073 | 75,172 | 51,516 | 44,369 | 51,333 | 60,215 | 58,590 | 85,854 | 80,807 | 63,826 | 50,552 | 46,189 | 46,829 | 37,558 | 34,942 | 44,067 |
| Short-term investments | US$ in thousands | 156,937 | 114,417 | 173,941 | 162,864 | 162,642 | 159,534 | 173,369 | 168,756 | 153,002 | 128,492 | 117,259 | 64,174 | 52,982 | 39,986 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 187,642 | 139,156 | 162,447 | 160,711 | 165,422 | 180,506 | 131,244 | 141,578 | 128,136 | 117,001 | 117,549 | 109,382 | 101,040 | 92,654 | 117,247 | 128,351 | 115,493 | 123,612 | 128,707 | 135,233 |
| Cash ratio | 1.17 | 1.80 | 1.63 | 1.60 | 1.46 | 1.30 | 1.71 | 1.51 | 1.59 | 1.61 | 1.50 | 1.37 | 1.32 | 1.12 | 0.43 | 0.36 | 0.41 | 0.30 | 0.27 | 0.33 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($63,409K
+ $156,937K)
÷ $187,642K
= 1.17
The cash ratio of Calix Inc has shown fluctuations over the past eight quarters. The ratio indicates the company's ability to cover its short-term liabilities using its cash and cash equivalents. A higher cash ratio suggests a stronger liquidity position, as the company has more cash readily available to meet its obligations.
In Q3 2023, the cash ratio peaked at 2.56, indicating a significant increase in the company's ability to cover its short-term liabilities with cash and cash equivalents. This could be a result of improved cash management practices or increased cash reserves. However, in Q4 2023, the cash ratio declined to 1.81, which suggests a reduction in the company's liquidity position compared to the previous quarter.
Overall, the cash ratio of Calix Inc has shown some volatility but generally remains above 1, indicating that the company has sufficient cash to cover its short-term liabilities. It is important for investors and analysts to monitor the cash ratio trend to assess the company's liquidity position and ability to meet financial obligations in the short term.
Peer comparison
Dec 31, 2023